DIL will invest $46.1 million into TBCG “to stabilize the business and place it on a sustainable path” a statement from Tiger Brands said. Tiger Brands will write off R$700 million in shareholders loans and settle other outstanding TBCG debt of R$400 million.

In 2012, Tiger Brands bought a majority stake of 63.4% in Dangote Flour Mills, a Nigerian flour, pasta and rice company, for almost $200 million. The purchase has cost investors millions in write-downs.

The Tiger Brands statement said the transaction, which is subject to regulatory approvals, would “ensure that TBCG is maintained as a viable going concern, able to retain its employees and meet its obligations to its stakeholders.”

In November, Tiger reported for the TBCG segment a loss of R$438 million ($31 million) compared to a R$281 million ($19.9 million) loss in the same period of last year. As a result, Tiger pulled financial support for the business.

Tiger Brands has experienced its share of upheaval recently, including the overstatement of sales by Haco Industries, a Kenyan subsidiary of Dangote Flour Mills. The preinvoicing and manipulation of profits contributed to a 30% drop in operating profit in the international and export unit during the first half of the year ended March 31. Tiger Brands fired the managing director of the Kenyan unit.